Funding arb · Price arb /

LINK

all LINK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.022%

Price spread now: Paradex against gTrade (Gains Network)+0.042%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.042% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.950	L +0.0004% / S −0.0009%	pay 0.0001% / 1h	14m 15s	$159K	—	150x
Short	Paradex LINK-USD-PERP	12.955	0.0100	get 0.0100% / 8h	4h 14m	$31K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now +0.042%Rate

Funding earned: $20.09
Price spread: +0.042% → 0.000%: $4.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $10.26
Costs to cover: 0.140%
Break-even: 3.4 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 40 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 40 min ago	130.05 bp	141.1 bp −$141	963.4 bp −$9,634	10292.4 bp −$1.03M	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0166%	1h	12.947	−0.019%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.961	+0.089%	$520K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0009%	1h	12.950	long leg	$159K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.244%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0055%	8h	12.949	−0.005%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.955	+0.041%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.970	+0.158%	$943K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.944	−0.047%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERPshort	+0.0100%	8h	12.955	+0.042%	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.952	+0.019%	$392K	$310K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.959	+0.076%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.957	+0.057%	$275K	$177K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.950	+0.003%	$119.9M	$297.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.945	−0.036%	$83.5M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.951	+0.011%	$27.3M	$81.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.971	+0.165%	$181K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.954	+0.034%	$128.2M	$13.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.953	+0.026%	$32.8M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.956	+0.049%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.949	−0.005%	$53.8M	$29.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.950	+0.003%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.962	+0.096%	$339K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.949	−0.003%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.954	+0.031%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.962	+0.093%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.965	+0.119%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.959	+0.073%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.950	+0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.966	+0.127%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.956	+0.049%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.940	−0.073%	$635K	$693K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.948	−0.009%	$632K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.957	+0.054%	$543K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0205%	1h	12.959	+0.073%	$779K	$202K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.962	+0.096%	$5.2M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0374%	1h	12.967	+0.134%	$81.2M	$27.4M	10x	as long as short
Reya LINKRUSDPERP	+0.0390%	1h	12.947	−0.020%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0394%	1h	12.958	+0.067%	$6.7M	$8.1M	50x	as long as short
dYdX LINK-USD	+0.0410%	1h	12.959	+0.070%	$343K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0532%	8h	12.972	+0.173%	$20.0M	$11.4M	50x	as long as short